Handelsbanken Fonder AB Grows Position in S&P Global Inc. (NYSE:SPGI)

Handelsbanken Fonder AB raised its holdings in S&P Global Inc. (NYSE:SPGI) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,595 shares of the business services provider’s stock after purchasing an additional 15,261 shares during the period. Handelsbanken Fonder AB’s holdings in S&P Global were worth $95,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Parkside Financial Bank & Trust boosted its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the last quarter. Personal CFO Solutions LLC raised its position in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after acquiring an additional 20 shares during the period. Anfield Capital Management LLC boosted its stake in shares of S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $54,000 after acquiring an additional 22 shares during the last quarter. Invenio Wealth Partners LLC grew its position in shares of S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 22 shares during the period. Finally, Retirement Planning Group LLC grew its position in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock valued at $2,870,000 after acquiring an additional 22 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SPGI shares. JPMorgan Chase & Co. lowered their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. UBS Group boosted their price objective on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Argus raised shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Down 0.8%

Shares of NYSE SPGI opened at $515.06 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39. The firm’s 50-day moving average price is $492.80 and its 200-day moving average price is $504.20. The stock has a market capitalization of $157.97 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $4.01 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is presently 30.16%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.